1746.17
Validity of contracts or titles not affected by violation.

(A)
The transaction of business in this state
by a business trust in violation of this chapter does not affect the validity
of any contract with such trust, or the validity of the title to any estate or
interest in real or personal property taken, held, or disposed of by such
trust. No business trust that has transacted business in violation of this
chapter, nor any persons acting on its behalf, shall maintain any action in any
court of this state until it has fully complied with this chapter and further
paid to the secretary of state a forfeiture of one thousand dollars.

(B)
Full compliance with this section prior
to the bringing of an action to recover a forfeiture under section
1746.16 of the Revised Code
constitutes a bar to such action.